Trade Financial News

KKV Agro Powers Ltd.(up 5.00%), GE Vernova T&D India Ltd.(up 5.00%), Energy Development Company Ltd.(up 4.98%), Neueon Towers Ltd.(up 4.93%), Power Grid Corporation of India Ltd.(up 4.29%), JSW Energy Ltd.(up 3.82%), CESC Ltd.(up 0.70%), India Power Corporation Ltd.(up 0.62%), GE Power India Ltd.(up 0.53%) and Orient Green Power Company Ltd.(up 0.43%) stood among the top gainers.

These high-performing stocks that rallied more than 10% during the session included, Disha Resources (13.29%), Lippi Systems(13.04%), Vardhman Hold(12.57%), Samrat Forgings(12.27%), Inter State Oil(12.07%), Tainwala Chem(10.46%), Maximus Intl.(10.12%), BKV Industries(10.00%), Tera Software(10.00%) and JSW Holdings(10.00%).

The revenue from operations for the reporting quarter stood at Rs 1,954.70 crore against Rs 1,368.63 crore in the year-ago period.

Subscribe to enjoy similar stories. The US has been the largest market for India’s IT services industry for decades, with companies like HCL, Infosys and TCS providing outsourced services to American firms across sectors. About 55% of India’s IT sector revenues come from that region.

Subscribe to enjoy similar stories. In 1971 John Connally, then the American treasury secretary, told his European counterparts that the dollar was “our currency, but your problem". Over the following half-century the global economy has transformed, but Connally’s adage still rings true: even though the value of the dollar remains largely set by domestic developments in America, its swings almost always send ripples across the world.

Trump's decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors.

Sachin Gupta, CEO, Share India Securities, says there was a huge growth in demand in MTF. Further, Share India focused on the merchant banking side, helping some companies to get listed on the SME side and that also gave good revenues. Recently they have started the institutional desk where we empanelled 113 institutions in the last one-and-a-half years. All these factors focusing on the fee-based businesses helped Share India a lot. Going further, they will focus on increasing the retail business. Let us look at your numbers. Your overall numbers in Q2 were pretty strong both on a sequential basis as well as year-on-year basis. What are the factors that led to the growth in Q2? Even your broking clients are up 35% sequentially which is marking a three-fold increase from Q2 of FY24. What led to that? Sachin Gupta: A number of factors worked in our favour. One, definitely market participation was good overall. But on the Share India side, in the last two years, we focused more on the retail side for which we started providing MTF (margin trading facility) services to the clients. We saw a huge growth, huge demand in MTF and Share India book stands at around Rs 250 crore by the end of September.

The NSE Nifty index ended the session 6.91 points down at 24141.3, while BSE Sensex 9.83 points to 79496.15.

The BSE Sensex inched up 10 points or 0.01% to settle at 79,496, while the NSE Nifty slipped 7 points or 0.03% to close at 24,141.

Aries Agro Ltd.(up 10.71%), Zuari Agro Chemicals Ltd.(up 5.97%), Rama Phosphates Ltd.(up 5.75%), Agro Phos India Ltd.(up 1.80%) and Madhya Bharat Agro Products Ltd.(up 0.19%) stood among the top gainers.

Despite a dividend payout of more than ₹12,000 crore during the quarter, the company managed to bring down its debt on a sequential basis by using proceeds from its QIP issue, funds from the stake sale in Hindustan Zinc, and its free cash flow. Net debt fell to ₹56,927 crore at the end of the September quarter from ₹61,324 crore a quarter ago. The net debt is lower than the previous year’s ₹57,771 crore as well.

foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.

White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington's backyard. Peru, the world's no. 2 copper exporter, is set to host Asia-Pacific Economic Cooperation leaders this week, with China's President Xi Jinping expected to attend and inaugurate a major new Chinese-built port in the country. Outgoing U.S. President Joe Biden is also on the guest list. Peru reflects a wider challenge for the White House around South America, where China's presence has grown rapidly given its huge appetite for the region's main exports: corn, copper, soy, beef and battery-metal lithium.

KPI Green Energy today announced it will be considering the issuance of bonus shares along with a stock split in its upcoming board meeting, which is scheduled for November 14. “We wish to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, November 14, 2024 at the Registered Office of the Company, inter alia, to transact the following matters: 1. To consider the proposal for issue of bonus equity shares to the shareholders of the Company. 2. To consider and approve increase in authorized share capital of the company inter alia to accommodate issue of bonus equity shares, if any,” said the company in an exchange filing.

Demat addition has fallen below 40 lakh after four months.

BEML on Monday reported a marginal decline of 0.75% in its profit after tax (PAT) on a year-on-year (YoY) basis at Rs 51.03 crore for the second quarter ended September 30, 2024. The same stood at Rs 51.78 crore in the year-ago period.

European shares opened higher on Monday with most sectors rising, kicking off a week packed with global economic data including inflation readings in Germany and the United States. The pan-European STOXX 600 added 0.9% as of 0811 GMT, with industrials among the top gainers, up 1.2%.

Cyclically Adjusted Price-to-Earnings (CAPE) ratio, also known as Shiller’s P/E.

Reliance Industries, MD Mukesh Ambani, the Navi Mumbai Special Economic Zone and the Mumbai SEZ. The case was related to alleged manipulative trades in shares of the erstwhile Reliance Petroleum (RPL). In January 2021, Sebi had imposed a penalty of Rs 25 crore on RIL and Rs 15 crore on Ambani. It had also asked the Navi Mumbai SEZ to pay a penalty of Rs 20 crore. RPL was absorbed into RIL in 2009.

RIL) have been falling since July and have tumbled by 7% in the last one month alone. The shares also came under pressure following the company’s Q2 results, wherein it reported a 5% fall in its net profit to Rs 16,563 crore. On charts, the stock has been in a downtrend after making a peak near the Rs 1,6 10 level and is currently placed below its 200-day exponential moving average (DEMA).

Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.